New Hampshire Entrepreneurs Create Anonymous Bitcoin ATM

Zach Harvey and Matt Whitlock started the New Hampshire-based venture, Lamassu Bitcoin Advisors, and they are hoping the new machine will help accelerate the adoption of Bitcoin.

Bitcoin is the World’s first decentralized digital currency. Using strong military grade encryption and open-source applications, the digital coins can be sent through the internet securely and without a bank or payment processor.

The Bitcoin ATM makes it fast and easy to fund a Bitcoin wallet. To get Bitcoins, a mobile app is used such as Blockchain for IPhone or BitcoinSpinner for Android devices. Simply show the ATM a QR code with the desired payment address, insert bills (from $1 – $100), and press the blue button. Within seconds you have Bitcoins. There’s a 1 percent transaction fee that applies to use the ATM.